Welcome to our dedicated page for Wex news (Ticker: WEX), a resource for investors and traders seeking the latest updates and insights on Wex stock.
WEX Inc (NYSE: WEX) is a global provider of corporate payment solutions specializing in fleet management, B2B transactions, and benefits administration. This news hub offers investors and professionals timely updates on strategic developments, financial performance, and operational milestones.
Access comprehensive coverage of earnings reports, partnership announcements, and technology innovations across WEX's core segments. Our curated collection ensures you stay informed about payment security advancements, fleet card program expansions, and healthcare payment solutions without promotional bias.
Key updates include corporate acquisitions, regulatory filings, leadership changes, and product launches. Bookmark this page for direct access to primary source materials and analysis-free reporting on WEX's global payment infrastructure developments.
Rhea-AI Summary
WEX Inc. announces tennis champion Venus Williams and CEO Melissa Smith to inspire industry leaders at WEX SPARK 2024 conference, focusing on innovative technologies and business growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
Tags
-
Rhea-AI Summary
WEX (NYSE:WEX) has been recognized as one of America’s Greatest Workplaces for Diversity and Women for 2024 by Newsweek and Plant-A Insights Group. The company aims to achieve gender parity in leadership roles and increase diversity in its workforce by 2025. WEX has maintained global gender pay parity and focuses on promoting diversity and inclusion in its leadership positions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
-
Rhea-AI Summary
WEX Inc. CEO, Melissa Smith, to present at the 45th Annual Raymond James Institutional Investors Conference. The webcast will be live on March 5, 2024, at 10:25 AM ET. An audio replay will be available on the company's website for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
Rhea-AI Summary
WEX Inc. announces an amended share repurchase program authorizing the repurchase of an additional $400 million worth of common stock, totaling $1.05 billion by December 31, 2025. The company has already repurchased $478 million, leaving approximately $572 million of capacity. The program aims to drive sustainable cash generation, strategic growth investments, and value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.88%
Tags
-
Rhea-AI Summary
WEX Inc. announces Melissa Smith, Chair and CEO, will present at KBW's 2024 Fintech & Payments Conference. The webcast will be available live on their website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.29%
Tags
-
Rhea-AI Summary
WEX (NYSE: WEX) reported a 7% year-over-year increase in Q4 revenue to a record $663 million, driven by growth in the Benefits and Corporate Payments segments. The company also achieved a 23.9% GAAP operating income margin and 39.6% adjusted operating income margin. For the full year 2023, revenue increased by 8% to $2.55 billion. WEX demonstrated strong financial performance, with net income and adjusted net income showing positive growth. The company also repurchased shares and generated significant cash flow. Strategic acquisitions and investments in AI and technology infrastructure position WEX for continued success in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.3%
Tags
Rhea-AI Summary
WEX Inc. (NYSE: WEX) will report Q4 and full year 2023 financial results on February 8, 2024. The conference call will be hosted by Melissa Smith, Chair and CEO, and Jagtar Narula, CFO, accessible via webcast or phone. A replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
Tags
-
Rhea-AI Summary
WEX (NYSE: WEX) appoints Sachin Dhawan as Chief Technology Officer (CTO), bringing decades of global technology experience from companies like Stitch Fix, Visa, PayPal, and Microsoft. Dhawan will lead WEX’s global Technology Organization, including product and platform technology, architecture, cybersecurity, infrastructure and cloud engineering, technical operations, enterprise applications, and Corporate IT, and technology-risk management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
-
Rhea-AI Summary
WEX Inc. (NYSE: WEX) welcomes Aimee Cardwell to its Board of Directors, bringing over 20 years of leadership experience in the payments and health spaces. Ms. Cardwell's extensive background in technology, information security, and strategy, along with her industry knowledge, will provide valuable insights to WEX as it continues executing strategic initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
Rhea-AI Summary
Mesirow Fiduciary Solutions, a division of Mesirow, is now providing RIA services for WEX (NYSE: WEX), the nation's fifth-largest HSA custodian. WEX technology powers approximately 7.5 million HSAs, with employees across the country relying on WEX to manage the administration of their health benefits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
Wex Inc
NYSE:WEX
WEX Rankings
WEX Stock Data
4.96B
33.86M
0.78%
106.8%
2.69%
Software - Infrastructure
Services-business Services, Nec
United States
PORTLAND